On 17 July 2026, the European Commission proposed a targeted revision of the EU Emissions Trading System to strengthen European industrial competitiveness and support delivery of the EU’s 2040 climate target. European Shipowners (ECSA) welcomed the proposal to earmark...

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Macroeconomic conditions in developed Europe will remain impaired by spillovers from the Iran war, even if the Strait of Hormuz reopens swiftly, says Fitch Ratings in a new report. The risk that this could affect rating trends is highlighted by the net negative...

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Global oil markets are moving through a fragile phase in which geopolitical risk, maritime disruption, depleted inventory buffers, and stress across refining systems are converging. The immediate US-Iran war risk premium has unwound sharply after the US halted its...

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India has lowered the antidumping duty on met coke imports from several countries and set the duty’s validity for five years, according to a Ministry of Finance notice dated July 27. Imports of low ash met coke with an ash content below 18% — under HS Codes 27040010,...

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OceanScore’s FuelEU pooling price index has fallen to €131.75/mtCO2e ($150/mtCO2e), down by around €28/mtCO2e ($32/mtCO2e) over the past week. Over the same period, ENGINE-assessed FuelEU Maritime pooling values for B100 and liquefied biomethane (LBM) on EU-EU voyages...

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On 20 July, Houthi forces declared a full maritime blockade against Saudi Arabia, closing the Bab al-Mandab Strait to vessels servicing Saudi ports. Following this move, Tanker Xin Long Yang, a Chinese VLCC carrying Saudi crude, turned back towards Suez rather than...

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